PBMF Final Review

Front

Which of the following is NOT a common way businesses pay employees? bi-weekly, weekly, monthly, yearly

Back

yearly

Front

A W-2 is a summary of a worker’s earnings for the previous year and includes the amount deducted for taxes.

Back

True

Front

The work environment consists of both the physical conditions and the psychological atmosphere in which employees work. True or False?

Back

True

Front

This month Anthony’s take-home pay was $1,500. He also earned $20 interest on a savings account. He spent $250 for rent, $100 for groceries, and $300 for other expenses. Anthony’s net cash flow this month totaled

Back

$870.

Front

At the end of the period covered by a budget, the business will prepare new financial statements.

Back

False

Front

In which of the following situations should a manager use tactical management?
- when the manager wants to improve group relations
- when employees are doing work they enjoy
- when working with part-time or temporary employees
- when the work is routine with new challenges

Back

when working with part-time or temporary employees

Front

Which of the following would NOT generally be considered one of the marketing functions? repairing, pricing, selling, promotion

Back

repairing

Front

When you put money into your checking account, you will fill out a

Back

deposit slip

Front

A creditor is a business or individual who is willing and able to provide information about your creditworthiness.

Back

True

Front

This nondeposit financial institution specializes in making loans for long-lasting or durable goods, such as cars and refrigerators, and for financial emergencies.

Back

consumer finance company